The Vietnam National Petroluem Group (Petrolimex) had acted early to mitigate risks amidst the recent surge in global oil prices driven by the Israel–Iran conflict, Vietnam News Agency cited a Petrolimex representative as saying.

The Russia–Ukraine conflict is forcing Vietnam to look for alternative suppliers of fertilisers to cope with the shortage of supply and rising prices.

Diversifying markets will help Vietnam mitigate the potential negative impacts of the conflict between Russia and Ukraine on agri-forestry-fishery trade, according to the Ministry of Agriculture and Rural Development.